PYMNTS

JANUARY 21, 2021

based bank to help them finance their corporate trade owing to a sophisticated blockchain platform for B2B payments, a press release says. HashCash's HC Corporate Payment will come with immediate reconciliation, real-time document sharing and automation via smart contacts, in order to enable quicker, more effective B2B payments.

Banking 93

Banking Reconciliations B2B Education 93

PYMNTS

OCTOBER 14, 2020

"Unlike solutions on the market today that only offer a handful of ERP integrations and require a manual intervention to complete a payment, RegalPay One offers a bank-branded platform that connects directly to their corporate customers' ERP system," Ed Wertzberger , vice president of solution delivery for Regal Software, said in the announcement.

B2B 82

B2B Banking Accounts Payable Reconciliations 82

Global Finance

JULY 26, 2024

African banks are empowering clients with greater access to real-time data and greater control over their cash. A fragmented regulatory environment, uneven access to financial services, a shallow pool of readily available funds, and currency controls and limitations in some African markets can lead to trapped cash.

Cash Management 52

Cash Management Treasury Reconciliations Currencies 52

PYMNTS

SEPTEMBER 9, 2020

For customers of Banking Circle , new services for transparent payments and collections are now available under the customers' names both locally and across borders, according to information on the company's website. It's an improvement over the old days in which the payments could only come in the name of the payment provider or bank.

B2B 64

B2B Banking Reconciliations Currencies 64

Future CFO

OCTOBER 22, 2023

Since BlackLine, we have seen 100% on-time completion rates for all month-end reconciliations. With BlackLine Task Management, managers and employees know what needs to be done and on what timeline.

Finance 94

Finance Reconciliations Currencies Accounting 94

PYMNTS

JANUARY 21, 2021

Today in B2B payments, European banks grow wary of small business loans, and Xero collaborates on API bank connectivity. SMB Loans Pose Potential Big Risk for European Banks. Euro area banks have cut back on lending, as the pandemic continues to threaten the economy. Xero, Nedbank Team on API-Enabled Bank Feed for SMBs.

B2B 85

B2B Banking Reconciliations Currencies 85

PYMNTS

NOVEMBER 16, 2020

In today’s top news in digital-first banking, Mastercard has added a new account-to-account (A2A) product to its Track Business Payment Service, while Recognise has received a restricted banking license from U.K. UK's 'Recognise' Gets Its Restricted Banking License. banks was $755 billion, down $100 billion from pre-COVID.

Banking 52

Banking Reconciliations B2B Currencies 52

CS Lucas

APRIL 28, 2023

This article provides an overview of the integration between banks and the CS Lucas Treasury Management System, highlighting the benefits, methods, and costs of integration. Streamlined payment processing : Integration enables payment instructions to be automatically pushed to the bank for settlement, reducing manual intervention and delays.

Banking 52

Banking Reconciliations Transportation Securities 52

PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. In addition, the deal will allow better reconciliation of payments with the matching invoices. It will also allow real-time payment tracking along with less inquiries about payment-related issues for suppliers.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

Global Finance

SEPTEMBER 9, 2024

Cash flow forecasting is a top priority for treasurers, says Niki van Zanten, a former corporate treasurer and now a consultant at TreasurUp, a Netherlands-based fintech serving banks. This is a gap that their main banking partner might be willing to fill. This is a gap that their main banking partner might be willing to fill.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

PYMNTS

FEBRUARY 28, 2020

As such, B2B FinTech firms continue to embrace collaboration and data integration between each other, particularly as the financial services world at large continues its migration toward unlocking data in an Open Banking framework. Going Further With Open Banking. Cichy said he sees the opposite happening today, though.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

NOVEMBER 20, 2019

Citi noted traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collection and reconciliation. The platform integrates cross-border billing, payment acceptance and reconciliation into a single solution. “In

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

PYMNTS

JULY 9, 2019

Most said they manually manage intercompany processes like reconciliation, while ad-hoc functions are also common. The tool lets treasurers keep a single account for each currency, for example, or to group accounts based on product line or legal entity. Open Banking Opportunity. The FX Opportunity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Accounting 60

PYMNTS

APRIL 29, 2019

Travel payments optimization company Ixaris announced a new partnership with financial service infrastructure company Banking Circle to streamline cross-border payments for the travel industry. Banking Circle was previously owned by Saxo Bank, which divested the unit last year and sold it to investment firm RQT.

Banking 51

Banking Reconciliations B2B Currencies 51

PYMNTS

SEPTEMBER 26, 2018

The latest corporate banking offering by Citi aims to virtualize treasurer accounts for more personalized, streamlined services. The bank said in an announcement Tuesday (Sept. The virtual account solution is currently available for clients across Western Europe, supporting 16 jurisdictions and 37 currencies.

Accounting 75

Accounting Reconciliations Treasury Currencies 75

PYMNTS

DECEMBER 17, 2019

that develops solutions for digital currency. M10 focuses on creating a digital money solution to help global banks quickly and affordably handle international transfers, settlements and remittances. Open Banking. We offer a single API across all banks,” Kirsch told Webster. It’s moving slowly.”. Uber Angle.

Banking 52

Banking B2B Currencies Reconciliations 52

PYMNTS

AUGUST 3, 2020

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., where challenger banking has flourished in recent years. has been nowhere near other markets like Japan and Switzerland in embracing digital assets within the banking arena, though it’s not necessarily a surprise.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

JULY 27, 2020

Bitcoin, Ethereum and Dash are among the new crypto options for A1 Payment users, and they can be converted into euros in real time at the cash desk, according to the release, with no exchange rate or currency risk present. She said the Corda process has shortened that down to just one day to complete a reconciliation.

Reconciliations 55

Reconciliations Currencies Banking Numbers 55

PYMNTS

OCTOBER 13, 2020

In a panel discussion with Karen Webster, six payments, banking and FinTech executives weighed in on the very nature of change that is transforming treasury banking and corporate clients in real time. Morgan said there are three key success factors banks must consider when satisfying their corporate clients’ needs.

Treasury 76

Treasury Banking B2B Reconciliations 76

The Finance Weekly

APRIL 13, 2024

Key Features Bank connections Automatically captures data Multi-currency accounting Cloud file uploading and data storage Sales Tax Finance Analytics Manage fixed assets Hundreds of app integrations Pricing Xero is currently offering a 30-day Free trial on top of the three plans they offer.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

Simply Treasury

JUNE 3, 2021

Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. API’s have shown the use banks and corporates can make out of them. Contrary to the recent excitement for Bitcoins, crypto currencies do not seem to be a priority for treasurers.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

JANUARY 11, 2017

The Reserve Bank of India (RBI) says it’s time to embrace blockchain and adopt a digital currency for the country, according to a new report. But adopting a digital currency to operate across blockchain could offer even more benefits to India. Industry stakeholders seem to agree with the RBI’s conclusions.

Banking 45

Banking Currencies Reconciliations B2B 45

PYMNTS

OCTOBER 14, 2020

based FinTech Ordo to help speed up bank transfers for businesses, simplify loan repayments and more, according to a press release. Contis works in real-time payments, while Ordo has been working to simplify the process of getting paid through safe bank transactions and automatic tracking for payments, the release stated.

Reconciliations 60

Reconciliations Currencies Accounting Banking 60

PYMNTS

JANUARY 20, 2021

Payments have typically been the exclusive domain of banks, card issuers and FinTechs — distinct from a product or service offering and usually requiring distinct motions for both the buyer and seller to complete a transaction. But that is changing — slowly but surely. It doesn’t have to be complicated, though.

B2C 70

B2C B2B Currencies Invoicing 70

CFO Leadership

MARCH 31, 2022

New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations. To help treasurers get started on their path to success, we’ve prepared five steps to improve global cash visibility: Centralize your bank accounts.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

JULY 30, 2019

Founded in Nigeria, Flutterwave is a a payments API that makes it easier for banks and businesses to process payments across Africa. Nigerians will now have the convenience of being able to make digital, cross-border payments in their local currency, through eBank transfers, credit/debit cards, and mobile payments.

Foreign Exchange 76

Foreign Exchange Reconciliations Healthcare Education 76

PYMNTS

OCTOBER 8, 2018

TransferMate, which is partly owned by AIB and ING Group , has built one of the largest portfolios of payment licenses in the world, partnering with banks, FinTech firms and software providers to offer its clients better exchange rates, lower bank charges and improved reconciliation.

Reconciliations 69

Reconciliations B2B Accounting Currencies 69

PYMNTS

APRIL 30, 2020

This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of ACH, checks and other bank transfer infrastructure. ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness.

Invoicing 73

Invoicing Reconciliations Currencies B2B 73

PYMNTS

JUNE 17, 2020

Once booked, the trip can be paid for via the Expensify Card, with transaction details automatically captured for reconciliation and reporting. The Visa debit cards offer additional services, including purchase protection, while the bank is connecting SMB clients to its network of ATMs and cash deposit machines throughout the UAE.

Reconciliations 67

Reconciliations Accounts Payable Risk Analysis B2B 67

PYMNTS

MAY 5, 2019

In other news, Singapore’s Chief FinTech Officer of the Monetary Authority said that while blockchain has potential for cross-border payments, the agency “does not see much” in retail bank digital currencies. The design phase is underway, with testing to begin in Q2/Q3 2019.

Currencies 54

Currencies Reconciliations Healthcare Banking 54

PYMNTS

JUNE 7, 2018

As the world continues to shrink and companies do more business beyond their borders, quick and efficient fund transfers and reconciliations have become crucial to keeping everything organized and everyone happy. The need for faster payment and reconciliation affects a variety of businesses.

Reconciliations 46

Reconciliations Currencies Foreign Exchange Accounting 46

PYMNTS

MAY 20, 2019

dollars or in the customer’s local currency. TransferMate collects funds from customers located in over 50 countries around the world through local funds transfer in customers’ local currency. Global Invoice Connect provides electronic bill presentment in U.S.

Invoicing 53

Invoicing Foreign Exchange Reconciliations Currencies 53

PYMNTS

FEBRUARY 16, 2017

Typically, Galit explained in a recent interview with PYMNTS, SMEs using software solutions without an integrated global payments technology have to exit that software platform and work with banks to somehow ensure payments are sent and received, creating headaches for accounting, reporting and reconciliation. “In

B2B 75

B2B Reconciliations Currencies Technology 75

PYMNTS

DECEMBER 12, 2019

APIs are also very useful for bank customers in defined verticals like real estate and healthcare, that perform specialized transactions frequently. Cincinnati-based Fifth Third Bank , for example, has been creating customized APIs for its vertical business customers. Making Money Faster with APIs.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

JULY 10, 2020

Nium then facilitates an electronic funds transfer to the supplier and can support either domestic transfers or cross-border transactions in the currency of an invoice. In addition to heightened visibility and access to reconciliation data, corporate cards connect businesses to a valuable line of credit.

Entertainment 80

Entertainment Accounts Payable B2B Reconciliations 80

PYMNTS

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

AUGUST 6, 2018

. ‘s Manchester United is teaming up with mobile betting and gaming brand MoPlay , and Iran is relaxing currency rules. With the integration, small businesses in the country can use direct debit to automate their payment collection and reconciliation processes. Plus, the bank would allow currency markets to open again. “We

Foreign Exchange 40

Foreign Exchange Pharmaceutical Currencies Reconciliations 40